hmmm...I do understand, it's why I posted what I did. I didn't say it is good or bad, it was the math I was speaking of. I did state what I was referring to and stated the perceived time/payment delay benefit.
It is like delaying paying interest in a way. Not a lot though, especially if you already know the huge gain to be made at conversion time. Very easy decision to make!
Not sure who posted it, DT from memory, but I agree with what was said. The market mostly is looking forward and PEN may very well reach a peak price prior to production and then fall post production, until driving back up again. The buy on rumour/expectation sell on fact process. I am expecting well over 20c at this time.
PEN Price at posting:
3.4¢ Sentiment: LT Buy Disclosure: Held
